Russia's state-owned fund in talks with China National Gold for $1b mining JV

Russia's state-owned fund in talks with China National Gold for $1b mining JV

Blocks and pieces of gold. Photographer: Chris Ratcliffe/Bloomberg

Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.

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